Did former infoGroup chairman and CEO Vinod C. Gupta really charge his company more than $9 million in personal expenses? The Securities and Exchange Commission alleged he did, and court papers detail both the calculations behind its allegations, as well as its claims of stock manipulations by Gupta.
These allegations will remain just that: On Monday, Gupta settled the SEC investigation by agreeing to never again serve as an officer or executive of a public company, and to pay $7.4 million in disgorgement, penalties and prejudgment interest. (http://directmag.com/lists/news/sec-gupta-stole-millions-0316/)
As part of the agreement that ended the SEC
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